NEWS ROUNDUP — Camnor, La Teko deal gets nod

Regulators have approved a deal for Camnor Resources (CMB-V) to earn a 51% interest in the 3,000-acre Discovery Gulch property of La Teko Resources (LAO-V) in Alaska.

For its interest, Camnor must spend $800,000 on exploration and pay $250,000 over four years, as well as issue 400,000 shares to La Teko. The company will begin exploration work this year, spending at least $75,000.

The property hosts two gold-in-soil anomalies. One measures 1,200 ft. in length by 400 ft. in width and has returned between 100 and 1,125 parts per billion gold, whereas the other measures 1,500 ft. by 400 ft. and returned between 25 and 3,060 ppb gold.